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Public records have now been updated - they can take up to three months - and the Herald can now reveal the owners are BNZ banker Max Brown and his wife, L'Oreal marketing manager Rachael Brown, who also go by the last name St Clair.

The Grey Lynn property in 2014 before it was renovated / Jason Oxenham

The Grey Lynn property in 2014 before it was renovated / Jason Oxenham

, sold a property on Ngapuhi Rd in Remuera in September last year for $3.371 million, according to Quotable Value.

They told Herald Homes at the time they had renovated the 1970s property - which included a main house and three two-bedroom flats at the front - which was still in its 1970s style.

They had wanted to move across town to be closer to family.

The Herald has been reporting on the Grey Lynn hovel since late 2014 when a front-page story showed it in its near-original state with rotting floorboards, a sagging ceiling, threadbare carpet and nicotine-caked walls.

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It had just two bedrooms and was touted as "the worst condition house in the best suburb".